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Helping Tenants Feel Like They Contribute
Hey everybody, I'm just thinking out loud here so bear with me if I don't make much sense. I'm just trying to capture some thoughts before they escape this mindtrap brain of mine.
I'm a small time side biz investor, only have 3 doors right now (1 SFR, 1 duplex) but I'm enjoying the process of it all and hoping to grow over time. Down the road I've been thinking of doing some house hacking by purchasing SFR, moving in and doing rehab, buy & hold, BRRRR method, eventually a 4 plex, and then on to the next one. Nothing new there.
Recently I was watching some Tony Robbin's vids and in one of them he talked about the 6 basic human needs that all people need to feel complete:
1. Certainty
2. Variety
3. Significance
4. Connection
5. Growth
6. Contribution
An interesting point he made was that with #6 Contribution, that it alone can meet all of the other 5 needs. This got my wheels turning because currently I donate a portion of each tenants rent to a non-profit organization that my sister runs; they mentor teen moms in the central valley of California. I told my tenants that when they first moved in but it got me thinking that maybe I should market that more and possibly it would give them the sense of contribution as well. I could invite them to fundraisers or mail them info on how their rents helps these kids etc. Not sure yet of the how.
My theory is it will give my tenants the certainty to know that their rent is used/contributed for a good cause. The variety to know they are helping various women and children in their own community. Significance to know their rent helps others and they are needed. The connection and love they are sharing could lead to their own personal growth as a person. This all then helps me meet my ultimate goal of having happy tenants who pay their rent on time and stay long term.
Yea I feel a little pie in the sky right now, kinda like when a college kid thinks laying in the street is really going to hurt those evil Wall Street bankers but reality eventually smacks him in the face and he has to get a job like everybody else. I'm hoping I'm closer to having an impact than getting railroaded by reality but figured it couldn't hurt to toss the idea to the wind and see what the masses think. Am I too new to feel jaded?
Down the road if I start this business I will need to have a vision statement and I'm hoping to find a way that I can incorporate my tenants needs to contribute along with mine in one big happy happy joy joy symbiotic love fest. I dunno, I think I drank too much coffee today. Happy Friday everybody!